The Japanese car parts maker Takata has agreed to plead guilty and pay a billion dollars – over 900 million euros – in fines and compensation for hiding dangerous defects in its…
ADVERTISEMENTThe Japanese car parts maker Takata has agreed to plead guilty and pay a billion dollars – over 900 million euros – in fines and compensation for hiding dangerous defects in its airbags.
The deal comes after prosecutors in Detroit charged three former senior executives with falsifying test results.
Eleven deaths and 184 injuries in the US have been linked to the airbags, which can explode with excessive force.
The company has committed itself to reform; its shares rose in Japan on news of the settlement.
Takata to plead guilty and pay $1 billion U.S. penalty over air bag defects. Read the latest: https://t.co/BFpZDKY05Jpic.twitter.com/QoRID7×3Yy
— Reuters Top News (@Reuters) January 13, 2017